The Commodity Channel Index (CCI) is an oscillator originally developed by Donald Lambert, The assumption behind the indicator is that commodities (or stocks or bonds) move in cycles, with highs and lows coming at periodic intervals. The indicator is similar in concept to Bollinger Bands
CCI Calculation
There are 4 steps involved in the calculation of the CCI:

Calculate the last period’s Typical Price (TP) = (H+L+C)/3 where H = high, L = low, and C = close.

Calculate the 20-period Simple Moving Average of the Typical Price (SMATP).

Calculate the Mean …

Open Interest
Hi All,
The traders who are trading in F&O Space must be familiar with this term,But many novice traders might not be having full knowledge and the benefits of Open Interest.I have compiled this article to have more clarity on OI and its use in trading.
What is Open Interest?
Open Interest is the total number of outstanding contracts that are held by market participants at the end of the day.
It can also be defined as the total number of futures contracts or option …

ICICI Bank
After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging in the Stock.
Technical Indicators MACD and RSI are in overbought zone and a Bounce back from lower levels is accepted.
Buy above 846 Tgt 858 and 878 and 900 SL 806

ABAN Offshore:Traders Nightmare and Stock which can …

What is an Oscillator
An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well).
What is RSI
The RSI is best described as an indicator which represents the momentum in a particular Stock or Index  when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold) and is therefore due …

Stock is locked in a trading range of  1220 and 1300 and currently at the bottom of trading range,Positive Divergence is observed in RSI.
Trading Levels:

Buy above 1240 for a tgt of 1255 and 1265

Sell below 1215 for a tgt  of 1205 and 1189

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Nifty Weekly Technical view is present as below:
1. Market are showing good strength and trading well above 5 EMA.
2. RSI is showing negative divergence
3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290
4.Nifty is moving in a channel and will find support at the bottom of the channel around 5200 oce it is not able to cross 5311 during the early part of week
5.OI charts are attached Good OI is at 5200 PE should prove to be a good support …

Today i will present the OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly.
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he …

The advance/decline ratio (A/D ratio) shows the ratio of advancing stocks to declining stocks. The benefit of using the advance/decline ratio is that it is a constant number,

Interpreting Advance Decline Ratio
Interpreting the advance/decline ratio can prove to be a difficult task. The ratio will move erratically and on quick glance it is a bit challenging to make clear observations about the health of the market. A popular technique is to place a moving average of the A/D ratio to assess the direction of the technical indicator. The average of the …

Hi All,
This is the way I take free REAL Time Data from yahoo ( free of any 3rd party progs or plugins) only with amiquote and amibroker.
VERY VERY IMP FIRST YOU TAKE A FULL BACKUP OF YOUR AMIBROKER DIRECTORY . This is very important.
We now start with the operation Realtime Yahoo Free
You all must have used amiquote earlier with yahoo current. If u take nse yahoo symbols as tls files and load it in amibroker u get data from yahoo but till now it was delayed even if are …

Introduction
The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels.
Pivot Points are support and resistance levels that are calculated using the open, high, low, and close, from the previous trading day. Standard pivot points include the pivot point itself, three full support levels, and three full resistance levels.
If the market opens above the pivot point then the bias for the day …